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now about half way into the debate romney gave us a fabulous short idea with this clip. >> you put $90 billion, like 50 years worth of breaks into solar and wind to solyndra and tesla and i had a friend who said you don't just pick winners and losers, you pick the losers. >> tesla on the kindness of the government. that kindness will be over if the white house gets a new occupant. i suggest buying tesla in november. 25s look juicy. both candidates had a lot to say about oil. here's obama. >> the oil industry gets $4 billion a year in corporate welfare. now does anybody think that exxonmobil needs some extra money when they're making money every time you go to the pump? >> you that i exxon would have gotten hit today, right? it rallied 52 cents. some can argue that is because the market senses a romney victory. no way. exxon is just bigger than any president. >> your administration cut the number of permits and licenses in half. if i'm president, i'll double them. >> we aren't going to make money buying federal lands. but if more were opened, it would be a bonanza for the oil service in
now about half way into the debate romney gave us a fabulous short idea with this clip. >> you put $90 billion, like 50 years worth of breaks into solar and wind to solyndra and tesla and i had a friend who said you don't just pick winners and losers, you pick the losers. >> tesla on the kindness of the government. that kindness will be over if the white house gets a new occupant. i suggest buying tesla in november. 25s look juicy. both candidates had a lot to say about oil. here's...
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breaking news, mitt romney has put meat on the boens nes of hix reform plan. banks should pick up and leave new york all together and we can't wait for tomorrow's debate. we'll have our own debate tonight on the kudlow report. moments away. >> reports after the bell. i tell you
breaking news, mitt romney has put meat on the boens nes of hix reform plan. banks should pick up and leave new york all together and we can't wait for tomorrow's debate. we'll have our own debate tonight on the kudlow report. moments away. >> reports after the bell. i tell you
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how was it debating romney? was he cut and slash? what's he like and what can you tell us about tonight? >> number one, governor romney will be the most prepared person on that stage. secondly, he will have the deepest depth of knowledge on that stage. i know that firsthand from going up against him. and here's the other thing i don't think a lot of people are expecting. his likability will come through because he has gotten a bad rap about this likability factor. but he will be the most prepared. he will also have the most depth of knowledge and he will have every opportunity to back obama into a corner on all of the major issues. >> let me ask you on that, backing him into a corner. romney had some spectacular debates, not all of them. but in florida he took newt gingrich out. newt gingrich no slouch at debating or intellect for that matter. and then later on he took out rick santorum. it's like he had a machete in his hand and he knocked these guys down. is it possible he might do the same thing about president obama who is rusty,
how was it debating romney? was he cut and slash? what's he like and what can you tell us about tonight? >> number one, governor romney will be the most prepared person on that stage. secondly, he will have the deepest depth of knowledge on that stage. i know that firsthand from going up against him. and here's the other thing i don't think a lot of people are expecting. his likability will come through because he has gotten a bad rap about this likability factor. but he will be the most...
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during the tax debate, romney said the top earners are really small businesses and they should not be taxed more. obama said they're more like donald trump and they should pay more. >> i'm not going to reduce the share of taxes paid by high-income people. high-income people are doing just fine in this economy. they'll do fine whether you are president or i am. >> after the trash talk on donald trump, obama attacked -- >> they're all a bunch of millionaires and billionaires who are small businesses. donned trumps is a small business. i know donald trump doesn't like to think of himself as small anything, but that's how you define small business, if you are getting business income. >> that's the right sound bite. after that sound bite, obama then attacked jet owners saying if you have a private jet you should be taxed more. even romney, he's pretty wealthy himself, he refused to come to the support of the wealthy. skip that sound bite i guess. of course, no one should feel sorry for the rich. let's save our tears for poor big bird. but the debate showed both sides are really trying to d
during the tax debate, romney said the top earners are really small businesses and they should not be taxed more. obama said they're more like donald trump and they should pay more. >> i'm not going to reduce the share of taxes paid by high-income people. high-income people are doing just fine in this economy. they'll do fine whether you are president or i am. >> after the trash talk on donald trump, obama attacked -- >> they're all a bunch of millionaires and billionaires who...
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i think of romney doing well in debate. right. talk about regime change in iran potentially because of the protests. >> that's the big one. >> that's the big one. elections in venezuela this weekend which may be -- >> that could be next week's -- >> next week's big one. three situation wrgs you could see a lot more supply coming on the market no, >> on the crude side we're amply supplied and we're there right now and probably gets bigger next year. there's a lot more coming out of iraq. so, we've had a big insecurity premium in the price of oil for most of this contemporary. $15 to $20. that gets eroded over the next three to four months. >> crude at 89 bucks in november. >> we test into the 80s, low 80s and 70s before it's over. >> how long will that take? >> within the next three to six months. >> wow. >> the problem is, and i don't disagree necessarily, again i don't think it means gasoline prices will go lower as we just discussed. the trade has been, pete's talked about it, we mentioned it a few times, refiners work, vol vola
i think of romney doing well in debate. right. talk about regime change in iran potentially because of the protests. >> that's the big one. >> that's the big one. elections in venezuela this weekend which may be -- >> that could be next week's -- >> next week's big one. three situation wrgs you could see a lot more supply coming on the market no, >> on the crude side we're amply supplied and we're there right now and probably gets bigger next year. there's a lot...
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is this a romney rally following that debate last night or more so on the heels of commentary out of europe? top strategists will be weighing in on what was behind today's moves. some on the street are speculating that the rally has to do with the strong showing by governor mitt romney last night in the first presidential debate of the 2012 election. let's get to courtney reagan. she's breaking down the stocks today that moved or could have been moved in one direction or another as a result of that. over to you. >> thank you, maria. mitt romney did need to revis revitalize his campaign. it looks like he did it last night. wall street took some notice today. coal stocks, one of the big winners in today's trading after romney made this comment to president obama. >> by the way, i like coal. i'm going to make sure we can continue to burn clean coal. people in the coal industry feel like it's getting crushed by your policies. i want to get america and north america energy independent so we can create those jobs. >> if you're bullish on coal, you're going to like this. take a look at how
is this a romney rally following that debate last night or more so on the heels of commentary out of europe? top strategists will be weighing in on what was behind today's moves. some on the street are speculating that the rally has to do with the strong showing by governor mitt romney last night in the first presidential debate of the 2012 election. let's get to courtney reagan. she's breaking down the stocks today that moved or could have been moved in one direction or another as a result of...
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what they saw was a fantastic debate performance by governor romney. what they also saw was a contrast between someone and governor romney who understand the fooacts and could relate th to every day people's lives. president obama, it wasn't just that his performance was listless. president obama, there was though substance there. you always hear the expression sell the sizzle, not the steak. i always say if you don't have the steak, there's no sizzle. >> all right. from politics to the stock market. a stock you know very well. hewlett-packard. stock has been punished. meg whitman, the new ceo, is coming under fire. here's what she said. >> i'm confident 2013 will be the bottom of the turn around. then you can look forward, i think, to good growth in 2014 and 2015 as those products kick in, the i think vestments we're making in things like i.t., sales, organization, and training. those things will start to kick in. i really think 2014 will be quite a bright year for hp. >> what do you think of what she said? do you have any sympathy for her? >> first o
what they saw was a fantastic debate performance by governor romney. what they also saw was a contrast between someone and governor romney who understand the fooacts and could relate th to every day people's lives. president obama, it wasn't just that his performance was listless. president obama, there was though substance there. you always hear the expression sell the sizzle, not the steak. i always say if you don't have the steak, there's no sizzle. >> all right. from politics to the...
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the first presidential debate between governor romney and president obama. it gets underway here on cnbc at 8:00 p.m. eastern time. stay tuned. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign stocks tdd#: 1-800-345-2550 based on things like fundamentals, momentum and risk. tdd#: 1-800-345-2550 and i also have access to independent tdd#: 1-800-345-2550 firms like ned davis research tdd#: 1-800-345-2550 and economist intelligence unit. tdd#:
the first presidential debate between governor romney and president obama. it gets underway here on cnbc at 8:00 p.m. eastern time. stay tuned. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm...
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on september 11th, it touched me obviously. >> after the debate romney soared over obama. today as president obama bheade to ohio the poll put him two points behind him. >> somebody is cracking down on big bird. he put up a cable tv add. >> big, yellow and a men nnace our economy. >> team obama overflew the mess sake today. i actually think we need a president that talks about saving the economy and jobs and our future. >> with romney ahead among the likely voters and the bigger group of voters, democrats figure more than ever larry, that turnout will determine who wins. >> many thanks to steve. now it seems that president obama has done nothing but defend big bird and call romney a liar on taxes since the debate. it looks to me like it is working in romney's favor. we have ed rendell. >> my signal just died. >> and jennifer ruber and stephen law. jen, i go to you first. really, if you can't cut a little pbs, what can you you cut. this is going to kill obama. >> it drives people back to that debate. rox knee couldn't get a better person to run. and i think they are convinc
on september 11th, it touched me obviously. >> after the debate romney soared over obama. today as president obama bheade to ohio the poll put him two points behind him. >> somebody is cracking down on big bird. he put up a cable tv add. >> big, yellow and a men nnace our economy. >> team obama overflew the mess sake today. i actually think we need a president that talks about saving the economy and jobs and our future. >> with romney ahead among the likely voters...
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first of three presidential debates and cnbc will carry it live. our coverage begins at 8 p.m. eastern time. it's your money, your vote. sue? >>> ty, the financial crisis haunting america's biggest bank, jpmorgan being sued by new york attorney general eric schneiderman, claiming that the bear sterns business that jpmorgan took over in 2008 defraud mortgage bond investors a are. our senior correspondent scott cone has been working on the case. scott? >> sue, under the head nothing good deed goes unpunished, if how you characterize the takeover of bear stearns, the federal government for the $10 a shake jpmorgan got not only bear stearns' assets but liabilities, including, authorities say responsibility four some of the most egregious conduct in the financial crisis you churning out residential mortgages by the thousands, bundling them into what the firm told investors were quality securities, knowing all along many of the mortgages were duds a systemic fraud on thousands of investors, the lawsuit says, deceiving them about the fundamentally defecti
first of three presidential debates and cnbc will carry it live. our coverage begins at 8 p.m. eastern time. it's your money, your vote. sue? >>> ty, the financial crisis haunting america's biggest bank, jpmorgan being sued by new york attorney general eric schneiderman, claiming that the bear sterns business that jpmorgan took over in 2008 defraud mortgage bond investors a are. our senior correspondent scott cone has been working on the case. scott? >> sue, under the head...
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some say mitt romney may have reset his presidency bid with the debate tonight. stocks are higher. he's generally viewed friendlier to business in wall street. we're also seeing specific groups move in sync with romney's position. coal stocks, for example, getting a lift after he addressed support for them last night. hospital stocks are down on concerns heck make big changes to elements of obamacare that could help hospitals. we should point out energy is very strong today. that, of course, has been one of the leaders for stocks this year. they are powering the market higher as well today with the dow just off the highs, up 86 points. the nasdaq's up 12 points right now at 3148. the s&p is up 10-plus points right now at 1461. maria. >> all right, bill. the minutes from the federal reserve september policy meeting today out shedding little new light on the fed's future plans, but of course tomorrow's september jobs report will off more clues about the health of the economy. we're going to get some thoughts about what to expect out of the jobs numbers and from this rally. >> everybo
some say mitt romney may have reset his presidency bid with the debate tonight. stocks are higher. he's generally viewed friendlier to business in wall street. we're also seeing specific groups move in sync with romney's position. coal stocks, for example, getting a lift after he addressed support for them last night. hospital stocks are down on concerns heck make big changes to elements of obamacare that could help hospitals. we should point out energy is very strong today. that, of course,...
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tonight marks the first of three debates between president obama and mitt romney. both economy and markets will play a big role in today's matchup. which candidate is the right fix for both? john taylor is an economic adviser to the romney campaign and joins us. you are going to say mitt romney. in terms of convincing the american people what you believe and what mr. romney believes what does mr. romney need to do and say? >> we have high unemployment. the last growth number 1.3%. we are not creating enough jobs to employ the working age population. you can put good spins on this. basically it is not good. as i look at this it is largely a problem of policy. the policy has not been pro growth. it has been short termism. >> with all due respect i'm sure you watch a lot of the sunday talk shows, the one before the first presidential debate everybody was saying mr. romney has not outlined his own economic proposal so while you may say mr. obama has fallen short mr. romney is not putting out his case. >> i disagree with that. there is a lot of specificity on proposals
tonight marks the first of three debates between president obama and mitt romney. both economy and markets will play a big role in today's matchup. which candidate is the right fix for both? john taylor is an economic adviser to the romney campaign and joins us. you are going to say mitt romney. in terms of convincing the american people what you believe and what mr. romney believes what does mr. romney need to do and say? >> we have high unemployment. the last growth number 1.3%. we are...
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sectors moving on the back of what mitt romney said in last night's debate. we spoke about coal stocks. utilities -- wells fargo writing utilities should do well under the romney administration because of that. we're seeing some of these utility stocks moving higher. con edison up better than 1%. >>> out in latest check on the pulse of the economy. nation's biggest retailers out with latest sales figures. looks like americans are taking a little bit of a pause after wrapping up back-to-school shopping. target says september same-stores rising 2.1%. a little bit shy of analyst estimates. target says it will stop reporting monthly same-store sales next fiscal year. that will follow in a practice established by rival walmart. macy's sales up but the department store also fell short of some forecasts. gap, however, did beat estimates. sales there up 6% in september. the stock at a new 52-week high today at $36.93. costco also seeing sales up 6%. that topped estimates. there's limited brands shares for good measure. sue? >>> time for a tech check, ty. we're keepin
sectors moving on the back of what mitt romney said in last night's debate. we spoke about coal stocks. utilities -- wells fargo writing utilities should do well under the romney administration because of that. we're seeing some of these utility stocks moving higher. con edison up better than 1%. >>> out in latest check on the pulse of the economy. nation's biggest retailers out with latest sales figures. looks like americans are taking a little bit of a pause after wrapping up...
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huffington "post" obviously has a left bent, but it was declaring romney won the debate. ken duberstein will join us, as well. >> i was reading some of your tweets last night, john, and i liked your tweet. i tell you what i took away from the entire debate because i want to let you say it, but i saw what's possible in a life spent without any alcohol. i saw what i could have possibly been -- i saw how i could have possibly been able to talk if i had all the brain cells that i started with. and that was what i came away with. that i just wish in a maybe i had considered that path maybe of being, you negotiation life of sobriety. anyway, what did you think, john? >> well, romney considered that path and he took that path, joe, and he tried to press his case last night. the challenge for him was to come out with the kind of aggression that could score for him while still being respectful for the president. and i think he met that challenge. he was on offense most of the time, put the president back on his heels on his record. and he challenged him directly. i thought the str
huffington "post" obviously has a left bent, but it was declaring romney won the debate. ken duberstein will join us, as well. >> i was reading some of your tweets last night, john, and i liked your tweet. i tell you what i took away from the entire debate because i want to let you say it, but i saw what's possible in a life spent without any alcohol. i saw what i could have possibly been -- i saw how i could have possibly been able to talk if i had all the brain cells that i...
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debates. you can catch it all right here live on cnbc beginning at 8:00 p.m. eastern. i'll be hosting the pre and post coverage along with carl quintanilla. of course, john harwood will also be with us. he's live on the ground in denver. he's here with a preview. over to you, john. >> hey, maria. it's important to remember this election isn't over. if you look at the new polls that we came out with last night and this morning, mitt romney's only trailing by three points nationally. that's down from a five-point margin a couple weeks ago. he's 9/11 florieven in florida,. he still trails in ohio by five points. that's a big problem. he needs to win the state of ohio. that just shows he has an opportunity tonight. three other big economic issues they're going to be talking about, first of all, on taxes. mitt romney hasosed a 20% across the board rate cut for individuals, but he hasn't specified how he's going to pay for that without increasing the deficit or increasing the burden on middle and lo
debates. you can catch it all right here live on cnbc beginning at 8:00 p.m. eastern. i'll be hosting the pre and post coverage along with carl quintanilla. of course, john harwood will also be with us. he's live on the ground in denver. he's here with a preview. over to you, john. >> hey, maria. it's important to remember this election isn't over. if you look at the new polls that we came out with last night and this morning, mitt romney's only trailing by three points nationally. that's...
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. >>> big night on cnbc, not just because it's the first debate for romney and obama. it's because here on "mad money," it's wednesday. what do we play on wednesdays? you've got it. time to see about your pofrls. time to play ffd ffd. time to play "am i diversified?." we've gotten inundated with tweets. we have to go to them. this is from dimas 720. m mo,, pep, point guard, cop, nyb. i'm saying it's highly unlikely. procter & gamble, uh-oh, pepsi, consumer products company. altria, conoco phillips, new york community, high-yielding financial. keep altria. between pepsi and procter, keep pepsi. we're going to put in a health care company. at this point i'm going a little aggressive. go celgene. let's go to ed in new york, please. ed? >> caller: hey. >> hey. modern portfolio. it's a modern portfolio. i have popeye's. i love the red beans and rice. aig is my favorite financial. michael kors is the terrific apparel company where they still charge $200 even at the outlets. dynavax. and facebook is not doing as badly as everybody else. internet company, financial, apparel co
. >>> big night on cnbc, not just because it's the first debate for romney and obama. it's because here on "mad money," it's wednesday. what do we play on wednesdays? you've got it. time to see about your pofrls. time to play ffd ffd. time to play "am i diversified?." we've gotten inundated with tweets. we have to go to them. this is from dimas 720. m mo,, pep, point guard, cop, nyb. i'm saying it's highly unlikely. procter & gamble, uh-oh, pepsi, consumer...
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mitt romney is a good debater, the president is a good debater. there will be no knockout punch but they'll have to be solid in order to move the ball down the field. >> we saw a clip in the previous segment from fox over the weekend with ryan and the big issue was the details on the tax plan. how much more in terms of details do you expect we'll learn from romney and by the way, are we going to learn any more details in terms of what president obama's planning to do? i'll go to you, morris, with that first in. >> we don't have any details on what the challenger is going to do. governor romney said he'll create 12 million jobs and the president has laid out a vision, put a marker in the ground and does have a track record to run on if you look at what he's been able to do in four years in moving us from the worst economy, almost a depression to where we are now in a recovery moving in the right direction. the devil will be in the details and the governor just can't sit there and say i'll create 12 million new jobs, trust me. >> terry, do you come
mitt romney is a good debater, the president is a good debater. there will be no knockout punch but they'll have to be solid in order to move the ball down the field. >> we saw a clip in the previous segment from fox over the weekend with ryan and the big issue was the details on the tax plan. how much more in terms of details do you expect we'll learn from romney and by the way, are we going to learn any more details in terms of what president obama's planning to do? i'll go to you,...
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romney rally? >> i don't know how much the debate influences the markets overall. i think that for long-term investors like us at "the motley fool" this is a fine time to be an investor. of course we generally think that. we like to add money every month. one of the worst things that happens and a lot of discussion on the macro issues the crisis that come along on wall street and the high-frequency trading that makes people think they have to pay attention on a second-by-second basis. a lot of retail investors have been pushed out of the market or withdrawn their capital. i think that is a big mistake here. i think you want to be in equities, more than ever before over the last ten years if you look at the performance of stocks. i hope retail investors watching this program are thinking about getting more program in the mutual funds, equity and low-cost funds and stocks of businesses they believe in. >> part of the reason for the rally we have been seeing the momentum in the stock market is because
romney rally? >> i don't know how much the debate influences the markets overall. i think that for long-term investors like us at "the motley fool" this is a fine time to be an investor. of course we generally think that. we like to add money every month. one of the worst things that happens and a lot of discussion on the macro issues the crisis that come along on wall street and the high-frequency trading that makes people think they have to pay attention on a second-by-second...
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squaring off in the first of three presidential debates. there's been a lot of talk that the market is already pricing in an obama re-election. in fact, in trade showing betters placing a 70% chance on an obama re-election. but some new polls suggest romney is closing the gap. so what happens to the markets and your money if mitt romney pulls ahead or wins? joining us, art, is a romney win bad for stocks? art, we're going to get your mike running. is a romney win bad for stocks? >> i think a romney win is great for stocks. at least the psychology will be two things. first, first cal conservati first, fiscal conservative coming in 2013 to help with growth prosper. second thing, who's going to handle the fiscal cliff the fastest. i think if things remain the same, the fiscal cliff will take a lot longer to fix. we'll have to drive off the cliff and step back from it some time next year. two levels of stock appreciation will be assumption that you get better growth in the economy and the fiscal cliff gets fixed quicker. >> that's a very good p
squaring off in the first of three presidential debates. there's been a lot of talk that the market is already pricing in an obama re-election. in fact, in trade showing betters placing a 70% chance on an obama re-election. but some new polls suggest romney is closing the gap. so what happens to the markets and your money if mitt romney pulls ahead or wins? joining us, art, is a romney win bad for stocks? art, we're going to get your mike running. is a romney win bad for stocks? >> i...
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between today's positive jobs report and romney's ace debate, the dow added 173 points to the plus side for the week. so let's talk. fellas, i want to get to the second story, too, but give me some lightning round stuff. jim you' jim, was there a mitt romney lightning round? >> i think there was a bit of a rally. but that failed from the old bernanke high as couple weeks ago but it lost some steam. >> jim, is will a fed qe3 rally going on. i know we like to talk politics, politics can affect stocks. is the fed pump priming still putting wind behind the stock market? >> absolutely. look, the biggest correlation we can find with the market in anything over the last four years is quantitative easing. now there's a lot of rumors out that qe4 is coming because the fed is worried about the fiscal cliff. so, yes, it's a manipulated market and this is why the market has rallied more than anything else. >> you can't have qe4 because qe3 is in perpetuity. they would just pump more. jim iurio, was there a jobs controversy today with the 7.8 unemployment rate? is it possible some investors think th
between today's positive jobs report and romney's ace debate, the dow added 173 points to the plus side for the week. so let's talk. fellas, i want to get to the second story, too, but give me some lightning round stuff. jim you' jim, was there a mitt romney lightning round? >> i think there was a bit of a rally. but that failed from the old bernanke high as couple weeks ago but it lost some steam. >> jim, is will a fed qe3 rally going on. i know we like to talk politics, politics...
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barack obama and mitt romney are ready for their first presidential debate. that will be tomorrow night, 7:00 to 8:00 p.m. polls show a close race. the nation ago average has obama leading romney 49-46. the economy is issue number one and whose plans are better for the middle class. to answer that we are holding our own debate right here on the kudlow report. we are joined by new jersey democratic congressman and jim gillmore to make the case for governor romney. there will be time to talk among your selves at my disgression. the first question is going to congressman big paskrel. 1.3% gdp 25 million people out of the workforce. mr. president, what is your solution to the prosperity and the recovery that continues to elude us? >> over the past 30 months we have had an increase in private sector jobs. but that is the direction we are going in. if you remember what happened before that, when the president raised his hand in january of 2009, we were losing 700 no,000 jobs a month. but the fact of the matter is we are going in the right direction now and we shoul
barack obama and mitt romney are ready for their first presidential debate. that will be tomorrow night, 7:00 to 8:00 p.m. polls show a close race. the nation ago average has obama leading romney 49-46. the economy is issue number one and whose plans are better for the middle class. to answer that we are holding our own debate right here on the kudlow report. we are joined by new jersey democratic congressman and jim gillmore to make the case for governor romney. there will be time to talk...
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. >> they rallied yesterday off the perception that romney won the debates. health care, for instance, hitting at another high here. if we take a look at the etf that tracks health care, xlv, that's the new 52-week high, and the kol is up by 1.25%. the financials seem that will do better under a republican administration. kohl's is interesting, jim, because there are a couple of positive analysts out saying that now with nat gas is $3 and maybe there could be a bid for coal. coal in the east is 4 to 5 is where nat gas has to be competitive. and union pacific is the major player in the way coal is shipped out west. union pacific remains a buy. if you want to buy and be reg rouse about it you can buy union pa sick and not pea body. >> some of the japanese automakers are worth watching. the ft has numbers out. the exports of autos to china in the past month have been sharply lower among japanese automakers. toyota was down 40% year on year in the month of september and we're seeing the adrs trade down a percent. >> take a look overall at asian exports. that char
. >> they rallied yesterday off the perception that romney won the debates. health care, for instance, hitting at another high here. if we take a look at the etf that tracks health care, xlv, that's the new 52-week high, and the kol is up by 1.25%. the financials seem that will do better under a republican administration. kohl's is interesting, jim, because there are a couple of positive analysts out saying that now with nat gas is $3 and maybe there could be a bid for coal. coal in the...
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i think if you watch this debate very closely on wednesday, if mr. romney has a strong showing, all of that good, strong upward movement is going to come crashing back down around our had he on thursday. >> for all of the stocks in the sector or are there those that are immune to politics? >> in the hospital sector? i don't think anybody's immune to the politics. this is a very, very politicized group. their entire fate, in essence, of these stocks will depend in the near term at least on an obama win. that's because of the power of the implementation of health care reform. obama win something synonymous with january 1, 2014, most of that nasty uncompensated care, the no pay heads in the beds begins to go away. as hospitals have been the insurers of last resort, the investor reaction to the relief of that is this quite stunning and staggering move we've seen since post-convention. >> i'm worried about something a little more macro, sheryl. forget about health care reform law. tenet was a $20 stock eight years ago. hca came, went, now came back, commu
i think if you watch this debate very closely on wednesday, if mr. romney has a strong showing, all of that good, strong upward movement is going to come crashing back down around our had he on thursday. >> for all of the stocks in the sector or are there those that are immune to politics? >> in the hospital sector? i don't think anybody's immune to the politics. this is a very, very politicized group. their entire fate, in essence, of these stocks will depend in the near term at...
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>>> mitt romney picking up some needed momentum from his performance at the first presidential debate. president obama attempted to turn back some of that criticism by showing, taking a swing back at the gop challenger. listen to this. >> the man on stage last night, he does not want to be held accountable for the real mitt romney decisions and what he's been saying for the last year. governor romney may dance around his decisions but if you want to be president you owe the american people the truth. >> joining us from washington on the debate fallout is nbc's political director and chief white house correspondent chuck todd. you were there. you talked to a the lo of people afterwards. >> i did. >> what is your best guess what happened. this was a surprise to a lot of people watching in terms of president obama's performance. >> what had the biggest impact on me yesterday, i was at the denver rally, i traveled with him back from denver into madison and obviously his base was enthusiastic, being out there to see him, and i interviewed all these folks asking what they thought of the deb
>>> mitt romney picking up some needed momentum from his performance at the first presidential debate. president obama attempted to turn back some of that criticism by showing, taking a swing back at the gop challenger. listen to this. >> the man on stage last night, he does not want to be held accountable for the real mitt romney decisions and what he's been saying for the last year. governor romney may dance around his decisions but if you want to be president you owe the...
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big debate between the president and his republican challenger, mitt romney. it wasn't that long ago that rick perry was one of the challengers for the republican nomination for president. i asked him what he thinks romney is going to do tonight and how he is going to do in tonight's debate. >> this president has to defend the debt that's being created and i think governor romney's going to do a very good job of one of growth, of one of allowing the states to be more engaged in policies. >> reporter: so, of course, he thinks romney is going to do good tonight. is he partisan, no doubt about that. we'll see how it plays out. >> david, i understand that you're still going to talk to kyle bass in a few minutes. what is top of questions in your mind? >> kyle is a big macro thinker. he also runs a hedge fund that makes stock picks like everybody else. we're also going to talk about, first off, the growing debt world we're going to talk about that and might talk about stock runs in about ten minutes from now. >> all right. thank you very much, david faber. >> "the w
big debate between the president and his republican challenger, mitt romney. it wasn't that long ago that rick perry was one of the challengers for the republican nomination for president. i asked him what he thinks romney is going to do tonight and how he is going to do in tonight's debate. >> this president has to defend the debt that's being created and i think governor romney's going to do a very good job of one of growth, of one of allowing the states to be more engaged in policies....
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. >>> big night on cnbc, not just because it's the first debate for romney and obama. it's because here on "mad money," it's wednesday. what do we play on wednesdays? you've got it. time to see about your port o portfolios are protected. time to play "am i diversified?." this is where you call me, you tell me your top five holdings and i tell you whether you need to diversify. we've gotten inundated with tweets. we have to go to them. this is from dimas720. i think i know a dmas who writes am i diversified, altria, trokter and gamble can, conoco phillips, big california boo-yah. mike dimas is from summit new jersey. procter & gamble, uh-oh, pepsi, consumer products company. altria, there's a match game thing going on there. conoco phillips, new york community, high yielding financial. keep altria. between pepsi and procter, keep pepsi. proctor is a work in progress although mr. mcdonald is doing much better. we're going to put in yes, a health care company. at this point i'm going a little aggressive. go celgene. let's go to ed in new york, please. ed? >> caller: hey.
. >>> big night on cnbc, not just because it's the first debate for romney and obama. it's because here on "mad money," it's wednesday. what do we play on wednesdays? you've got it. time to see about your port o portfolios are protected. time to play "am i diversified?." this is where you call me, you tell me your top five holdings and i tell you whether you need to diversify. we've gotten inundated with tweets. we have to go to them. this is from dimas720. i think...
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it's going to be a very, very interesting debate, and if you remember florida, mitt romney went into florida, he was not looking good, and he did two debates where he just absolutely crushed it, and it's interesting. i think mitt romney will do very well. i think the president will do very well. it will be very interesting. >> sometimes i wonder about the difference between mitt romney, the man, and mitt romney and the campaign, and his handlers, a lot of consultants around, i think, because people have said on "60 minutes" he was so, seemed so sensible and so smart. i haven't seen him around much for the past three months. >> he's going to get tough and not going to be mitt, he'll have a bad resolution. the fact is, he is a very capable guy, a very smart guy. can he be a very tough guy and he's also got heart. >> when you let the press, when you let the media, donald, define him for three or four months and you never really see him out there, i think that was -- when he's on his own and when you can hear him talk and when they can't cut, "i like to fire people" before he said that i
it's going to be a very, very interesting debate, and if you remember florida, mitt romney went into florida, he was not looking good, and he did two debates where he just absolutely crushed it, and it's interesting. i think mitt romney will do very well. i think the president will do very well. it will be very interesting. >> sometimes i wonder about the difference between mitt romney, the man, and mitt romney and the campaign, and his handlers, a lot of consultants around, i think,...
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. >> i know you're getting ready for the big debate tomorrow night between the president and mitt romney. i want to ask you about politics and investing. first, what do you think about this market? what are you hearing from clients? you think we're going to continue to see chasing of high beta stocks or has this market gotten tired? >> our clients are scared. what we're hearing first and fare mo foremost is a lot of uncertainty. is europe going to melt down? are we going to have a fiscal clif cliff in the u.s.? is israel going to bomb snooirn on top of that, they're hearing the dysfunctional politics from the u.s. election. they're hearing president obama does not have the answer. they hear from the other side that neither does mitt romney. they're scared. so many of our clients have actually been on the sidelines. this has been a relatively low volume rally. i think it still has legs. i think multiples are reasonable and there's still room to go. >> that's what we have pondered here lately, dick. is this sort of stealth rally, as i called it before -- here we sit near 5 1/2 rear hiyear
. >> i know you're getting ready for the big debate tomorrow night between the president and mitt romney. i want to ask you about politics and investing. first, what do you think about this market? what are you hearing from clients? you think we're going to continue to see chasing of high beta stocks or has this market gotten tired? >> our clients are scared. what we're hearing first and fare mo foremost is a lot of uncertainty. is europe going to melt down? are we going to have a...
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romney rose to the occasion in the debates. he was challenged from the right continually in the primaries during the nomination process, and every time he had to win a critical debate, he did. he won the nom noination in the last debate in arizona. if that debate had gone against him, he may well not be the nominee today. he's an experienced debater. he is a very capable person. he's a smart person. he's going to be extremely well prepared. preparation is his mantra. i expect mitt romney to do well tonight. >> gretchen, ultimately who do you think will be controlling this debate and setting the other candidate on the run? >> well, i think president obama does have an advantage here that he's been talking about the same policies and using the same talking points for the past four years. so he has that advantage. his convention speech was a lot like a state of the union speech that we've heard over and over and over again. so romney i think will have to rise to the challenge tonight. he'll be on the stage with the president. he k
romney rose to the occasion in the debates. he was challenged from the right continually in the primaries during the nomination process, and every time he had to win a critical debate, he did. he won the nom noination in the last debate in arizona. if that debate had gone against him, he may well not be the nominee today. he's an experienced debater. he is a very capable person. he's a smart person. he's going to be extremely well prepared. preparation is his mantra. i expect mitt romney to do...
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then on the 16th you got the second obama-romney debate. on the 22nd final obama-romney debate. then the last friday before the election one more jobs number. my own inclination the job numbers aren't quite as "game change"ing for debates as for the reason voters know how they feel about the economy. they don't need a government report. it does get a lot of attention and we got a race that's plainly at this point even though obama still has a slight advantage in the battleground states this race can go either way. >> interesting. then we got the governor, of course, speaking at vmi about foreign policy, an area for which a little while he appeared to want to take the campaign, at least before the debate. how ground moving is this? >> reporter: i don't think it's very ground moving. it's not what people will vote on. for romney it's an effort to press a leadership advantage which may be one of the things that move the numbers for him after the debate. he looks strong on the stage with president obama. he took the fight to obama. obama was a little bit more passive. but ultimately
then on the 16th you got the second obama-romney debate. on the 22nd final obama-romney debate. then the last friday before the election one more jobs number. my own inclination the job numbers aren't quite as "game change"ing for debates as for the reason voters know how they feel about the economy. they don't need a government report. it does get a lot of attention and we got a race that's plainly at this point even though obama still has a slight advantage in the battleground...
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romney and i think it's a very winnable debate for him tonight. the mainstream media has painted him as inept and gaffe-prone, and that is simply not the case. i think the expectations are so low for romney tonight that when he can't be edited or taken out of context, i think it's a very winnable debate. >> if you go back in every election, the republicans are always painted -- but by definition, they are kind of stupid and gaffe-prone. they're republicans. why can't you figure that out? look at the views according to mainstream media. look at the views that they hold. by definition, they are stupid. >> i think if romney -- >> we painted john kerry as stupid. we painted al gore as goofy. >> al gore was honing his skills at harvard. george bush was cheerleading at yale and he had a higher gpa. barack obama just admitted, i was a crappy student. but we'll never know. by definition. and look at you. look how smart you are compared to me. "new york times," too big to fail, all that stuff. anyway, mike -- >> what i think romney needs to do -- >> we've
romney and i think it's a very winnable debate for him tonight. the mainstream media has painted him as inept and gaffe-prone, and that is simply not the case. i think the expectations are so low for romney tonight that when he can't be edited or taken out of context, i think it's a very winnable debate. >> if you go back in every election, the republicans are always painted -- but by definition, they are kind of stupid and gaffe-prone. they're republicans. why can't you figure that out?...
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>> romney has some momentum from the debate. i think the debate is a more powerful political force in the race than the unemployment numbers that came out. we were all talking about those on friday. but you had more than north of 60 million people watching these two guys on wednesday night and you see some momentum, democrats say the gap has narrowed in some states where obama had a lead. he's getting closer in most of the swing states. up two in rasmussen, down three in gallup. and the question is does this week continue that momentum. the vice president debate in the past has been critical for either accelerating or breaking the momentum one way or the other for the party in power. and we saw dick cheney came through twice for president bush, once in 2000 against joe lieberman when they were continuing the progress bush that in the first debate, second time was in breaking the momentum that john kerry had in 2004. and cheney bested john edwards in 2004, that helped him. so we have to see whether paul ryan, who is very smart po
>> romney has some momentum from the debate. i think the debate is a more powerful political force in the race than the unemployment numbers that came out. we were all talking about those on friday. but you had more than north of 60 million people watching these two guys on wednesday night and you see some momentum, democrats say the gap has narrowed in some states where obama had a lead. he's getting closer in most of the swing states. up two in rasmussen, down three in gallup. and the...
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>>> then, we're going to debate what is better for your money, an obama win or a romney win. >>> plus, the one thing that wall street wants to hear at tonight's debate. >>> and later on, american airlines says all the seats are fixed. >>> lots of things coming up at the top of the hour. back to you on "power lunch." >>> the world's top asset managers and investors are meeting today to discuss the economic landscape and how to navigate it. our david faber is with them at the barefoot economic summit in larue, texas. >> i've joined by founder, cio of golden tree house and management. they're in bank loans, they're in bond, distressed investments, private equity structured products. credit is the name of the game when it comes to golden tree. 16 billion-plus in assets. talk about high-yield credit overall. high yield continues to have funds moving in to it. are we towards the end of this bull run? >> we certainly are in the end of the bull run of low default rates. i believe -- i'm not talking a year out. talking a couple years out, i believe you're going to see the underwriting standard
>>> then, we're going to debate what is better for your money, an obama win or a romney win. >>> plus, the one thing that wall street wants to hear at tonight's debate. >>> and later on, american airlines says all the seats are fixed. >>> lots of things coming up at the top of the hour. back to you on "power lunch." >>> the world's top asset managers and investors are meeting today to discuss the economic landscape and how to navigate it....
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there was an op-ed below mitt romney's and the next battleground in the state labor wars. i will summarize. michigan will have a constitutional state amendment on their ballot in november. to make it jordan sweet, it will really empower unions, so potentially what happened in indiana, right to work state won't happen. my question is, boy, michigan, how well did the unions and the auto industry turn out? think gm bailout. this is shocking to me because the states that seem to be going the other way show so much more economic depth in the recovery. thoughts? >> well, first of all, you're right. the key on this question, though, to look a little bit deeper is that it is really about public employee unions because the private unions are protected by federal law, but what this question is on the ballot is basically saying that the rights of collective bargaining apply to all public employees, so let's take it one step further. what it really means is when it comes to michigan and the state government's ability to say, look, foodservice in the schools will be handled by private
there was an op-ed below mitt romney's and the next battleground in the state labor wars. i will summarize. michigan will have a constitutional state amendment on their ballot in november. to make it jordan sweet, it will really empower unions, so potentially what happened in indiana, right to work state won't happen. my question is, boy, michigan, how well did the unions and the auto industry turn out? think gm bailout. this is shocking to me because the states that seem to be going the other...
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romney did very well in the tv debate last week. i would just like to see romney be a bit less ashamed of who he is. it's as if he wants to hide from people the fact that he's made lots of money and been successful. i would have thought he should come out all guns blazing, i've been a success in the commercial world, i'm the man that can make the tough decisions that america needs and be more upbeat about himself. >> there are shareholders of bain capital, you're going to benefit from my expertise and knowing how to -- >> why not do that? why not say that? >> absolutely. >> there's something else here, the private equity world is inhabited by limited partners in the state funds. they're the biggest investors for good reason, the returns there are better than what they're getting. >> so pensioners are benefiting, lots of average americans. >> the fact of the matter is, if i give you money and you're going to make me 5%, you're going to charge me 50 basis points, i give you money and you're going to make me 20% and you take 2% which b
romney did very well in the tv debate last week. i would just like to see romney be a bit less ashamed of who he is. it's as if he wants to hide from people the fact that he's made lots of money and been successful. i would have thought he should come out all guns blazing, i've been a success in the commercial world, i'm the man that can make the tough decisions that america needs and be more upbeat about himself. >> there are shareholders of bain capital, you're going to benefit from my...
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romney and obama facing off last night in their first presidential debate. among the topics they sparred over, revenue. take a listen. >> there has to be revenue in addition to cuts. now, governor romney has ruled out revenue. he's ruled out revenue. >> absolutely. look, the revenue i get is by more people working, getting higher pay, paying more taxes. that's how we get growth and how we balance the budget. but the idea of taxing people more, putting more people out of work, you'll never get there. >> for reaction from the obama campaign, the co-founder and former ceo of car max, austin leggen joins us from richmond, virginia. austin, good morning to you. >> good morning. how are you? >> good. i'd love to get your take on that specific moment which has been cited by many to be one of romney's most coherent, concise arguments for his view of the role of government. you agree? >> well, it may have been quick and a good sound bite, but it's not very coherent or concise. what he says is growth will give you revenue which will give you growth. i mean, what he's
romney and obama facing off last night in their first presidential debate. among the topics they sparred over, revenue. take a listen. >> there has to be revenue in addition to cuts. now, governor romney has ruled out revenue. he's ruled out revenue. >> absolutely. look, the revenue i get is by more people working, getting higher pay, paying more taxes. that's how we get growth and how we balance the budget. but the idea of taxing people more, putting more people out of work, you'll...
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the debate seemingly doesn't matter if romney wins or if obama wins. >> that's logical when you think about it. you look at the history of this country. we've had a lot of presidents. a lot of presidents throughout the medicare sector. it really doesn't matter who the president is going to be. hospitals are going to be there. hospitals are the top of the pyramid for the delivery system in this country. so we're going to have hospitals whether it's romney or whether it's obama. 10 we're in a very good position throughout the election and beyond. >> are you the only publicly traded guys really in this sector? >> we are. we're the only ones that focus exclusively on hospital. >> and are there a lot of hospitals left that would want to do a deal with you? do they understand your model and that this could be beneficial for them and for you? >> there are a lot of hospitals there is about a half a trillion dollars of available hospital property out there. >> half a trillion? >> half a trillion. >> so every day you're trolling for new properties? >> we are. the pipeline is huge. we think 2013
the debate seemingly doesn't matter if romney wins or if obama wins. >> that's logical when you think about it. you look at the history of this country. we've had a lot of presidents. a lot of presidents throughout the medicare sector. it really doesn't matter who the president is going to be. hospitals are going to be there. hospitals are the top of the pyramid for the delivery system in this country. so we're going to have hospitals whether it's romney or whether it's obama. 10 we're in...
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and it's very hard, particularly right now with a new administration, possibly a romney administration will do because they've gone back and forth from the far left to almost the middle in the last debate and so maybe what we expect to be an extreme republican position will be a very moderate republican position. we just don't know that yet. we don't know how much is a noise of politicians, sound bites and momentary attempts to appease the crowd on both sides. i don't think that one would make a market forecast based on one's prediction on whether romney comes into president or obama remains in. >> mr. vogel, let's go back here on the expectations of real returns for investors because i think you're talking about something that could be incredibly important. there's been tremendous concern regarding pension funds and their expected rates of returns on a yearly basis of around 8%. some said that's unrealistic. do you believe that's now fair? >> it's ridiculous. it's a numbers game in which the bested interest of the pension managers are to offer high returns and bested interest of the p
and it's very hard, particularly right now with a new administration, possibly a romney administration will do because they've gone back and forth from the far left to almost the middle in the last debate and so maybe what we expect to be an extreme republican position will be a very moderate republican position. we just don't know that yet. we don't know how much is a noise of politicians, sound bites and momentary attempts to appease the crowd on both sides. i don't think that one would make...
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next week sees the vice president presidential debate before we get two more presidential debates. one of the major issues is it that looming fiscal cliff. president obama challenged mitt romney on his plans for cutting the nation's debt. >> when i got on to the stage, i met this very spirited fellow who claimed to be mitt romney. but it couldn't have been mitt romney because the real hit romney has been running around the country for the last year promising $5 trillion in tax cuts that favor the wealthy. the fell wloe on stage last night said he didn't know anything about that. >> the president's vision is trickle down government and i don't think that's what america believes in. i see instead a prosperity that comes through freedom. >> president of the committee for responsible federal budget, director of the fiscal policy program, as well, and joins us now. have you heard anything -- have you heard enough of of a commitment from either side of the aisle that you thought might actually work? >> well, what we didn't hear was enough specifics. so i think the good news is that that
next week sees the vice president presidential debate before we get two more presidential debates. one of the major issues is it that looming fiscal cliff. president obama challenged mitt romney on his plans for cutting the nation's debt. >> when i got on to the stage, i met this very spirited fellow who claimed to be mitt romney. but it couldn't have been mitt romney because the real hit romney has been running around the country for the last year promising $5 trillion in tax cuts that...